Gidget, I 'test-drove' a Micralite when I was in England last month and I didn't think much of it at all.
For a start, it managed to be both too bulky and not sturdy enough. That is, it is a tall stroller with thin aluminum bars like an umbrella stroller, but it has these huge back wheels (as big as a Quinny Buzz's or a Bugaboo’s), which made it quite awkward to carry. I was told that the wheels come off, but the last thing you want to do when you are out and about in HK is fiddle around with the wheels! At least when the Quinny Zapp folds down you can hold it in one hand. You wouldn't be able to do this with the Micralite. It would be too long and too heavy on one end.
The handling (on the flat) was also not nearly in the same class as the Quinny or the Bugaboo. It is definitely better than some of the more plasticky travel systems I tested out, but it still feels a little shaky. I guess that is because it is so lightweight, which is fine in it's stroller form, but when fitted with the carrycot or the car seat, it seems a bit precarious to me, especially on HK’s bumpy pavements.
The seat is also like that of an umbrella stroller – there is very little padding, the back is just canvas like the back of the Quinny Zapp except the material is not as sturdy. And whilst it does recline more than a Zapp, it does not recline enough for a newborn.
It does have a basket, which is more than can be said for the Zapp, but once the seat is in place, it is impossible get anything in or out of it, which renders it a little useless.
I know it is so difficult to make any decisions based on other peoples' reviews, but those are my thoughts on the Micralite. Hope this helps somebody a little!